Business Idea

Start A Remodelling Business

About

Starting a remodelling business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell remodelling, or selling remodelling online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a remodelling business ➜

Key stats

market size
$4.31T
starting costs
$19.8K
gross margin
38%
avg product price
$27000
time to build
12 months

About

Starting a remodelling business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell remodelling, or selling remodelling online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a remodelling business ➜

Key stats

market size
$4.31T
starting costs
$19.8K
gross margin
38%

 

avg product price
$27000
time to build
12 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Equipment & Supply Expenses $566 $5,700
Website Costs $303 $7,215
Business Formation Fees $600 $4,700
Specific Industry Expenses $500 $4,000
Other Expenses $0 $2,300
Software Expenses $162 $2,795
Advertising & Marketing Costs $0 $2,300
Total Startup Costs $3,032 $36,362

Successful Businesses

Business URL Rank
Remodeling Cost Calculator remodelingcalculator.org #290,468
ArmenianBD armenianbd.com #300,508
National Association of the Remodeling Industry nari.org #440,743
Kitchen Remodeling Dallas TX elitehomeremodeling.com #588,396
Statewide statewideremodeling.com #619,267
Las Vegas Remodel and Construction lvremodel.com #1,102,814
AAA Remodeling aaaremodelings.net #1,619,091
Realise Business realise.business #1,788,013
Ethiopian Business Review – Magazine ethiopianbusinessreview.net #1,799,419
CMF International – transforming lives + communities cmfi.org #1,845,930
Omaha NARI omahanari.org #1,883,936

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Meaningful business connections You never know who you will meet as a remodelling business. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Pick & choose the clients you work with Remodelling Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!
Control of workload With starting a remodelling business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Low margins The gross margins for your remodelling business are typically around 38%, which can make it more challenging to incur new expenses and maintain profitability.
High employee turnover In the remodelling business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Stressful work This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.
High overhead expenses With starting a remodelling business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.
Churn In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Marketing Ideas

  • 1

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.